Dollar General Plus
For Sale
Contact for pricing
Pending
1215 N MAIN ST, Fountain Inn, SC 29644
Built in 2020, this Dollar General Plus is leased on an absolute triple-net basis with 9.5 years remaining.
Property Size10,640 SF
Lot Size3.79 Acres
Days on Market104
Property Features for 1215 N MAIN ST
General Information
Standard status
Pending
Size
10,640 SF
Lot size
3.79 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Net Operating Income
$109,152
Site & Location
Traffic Count
14,664 vehicles/day
Road Access
Yes
Building Details
Year Built
2020
Tenancy
Single
Listing Agency:
Bang Realty
Listed By:
Brian Brockman · License #3327646
(888) 737-2264
Source:
Crexi
Added: May 27
Changed: Sep 6
Last Checked: Sep 7 at 5:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bang Realty
Investment Insights
Based on property information with market context.
A built-in-2020 Dollar General Plus offering on an absolute triple-net lease. The property is a 10,640 SF prototype located on a 3.79-acre site and includes ample parking to support the retailer’s high-frequency shopping model.
The site is positioned along North Main Street in Fountain Inn, South Carolina, the property’s primary commercial corridor. Publicly stated exposure is approximately 14,664 vehicles per day, and the property is described as offering strong visibility. The offering is supported by a corporate lease structure with approximately 9.5 years remaining on an initial 15-year term and five additional 5-year renewal options, each with 10% rent bumps.
The surrounding trade area is described in the marketing materials as affluent, with average household incomes exceeding $100,000 within a 2, 3, 5, and 10-mile radius, along with 2%+ population growth and active new residential development throughout the corridor.
The site is positioned along North Main Street in Fountain Inn, South Carolina, the property’s primary commercial corridor. Publicly stated exposure is approximately 14,664 vehicles per day, and the property is described as offering strong visibility. The offering is supported by a corporate lease structure with approximately 9.5 years remaining on an initial 15-year term and five additional 5-year renewal options, each with 10% rent bumps.
The surrounding trade area is described in the marketing materials as affluent, with average household incomes exceeding $100,000 within a 2, 3, 5, and 10-mile radius, along with 2%+ population growth and active new residential development throughout the corridor.
Key Highlights
- Dollar General Plus built in 2020, oversized 10,640 SF prototype on a 3.79‑acre lot
- Absolute triple‑net lease structure
- Lease has 9.5 years remaining on an initial 15‑year corporate term
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$157,670
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,153,400
$3.2M
Cap Rate 7%
$2,252,429
$2.3M
Cap Rate 9%
$1,751,889
$1.8M
Market Conditions
NOI Build-Up for 10,640 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$233.7K $21.96/SF
− Vacancy
−$8.4K −$0.79/SF
EGI
$225.2K $21.17/SF
− OpEx
−$67.6K −$6.35/SF
NOI
$157.7K $14.82/SF
Area
Greenville County, SC
Vacancy
3.60%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,153,400
Cap Rate 7%
$2,252,429
Cap Rate 9%
$1,751,889
Alternative Uses
Best Use
Retail
$2.25M
$1.97M – $2.63M
NOI $157,670 @ 7.0% cap · market cap 8.67%
Second Best
Specialty Retail
$1.98M
$1.73M – $2.31M
NOI $138,469 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$4.55M
$3.98M – $5.30M
NOI $318,224 @ 7.0% cap · market cap 17.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14,664 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
151
Businesses Nearby
33k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
22,243 visits/mo
0.1 miles
Dollar General
Shops & Services
8,115 visits/mo
0.1 miles
U-Haul Moving & Storage Of Heritage Park
Shops & Services
2,201 visits/mo
0.5 miles
Demographics for 29644, SC
22,357
Population
9,401
Households
2.4
Avg Household Size
39
Median Age
27%
College-Educated
88%
High-School Grad
82.0 sq mi
ZIP Area
273
Density / Sq Mi
$67,527
Median Household Income
$42,201
Median Earnings
$1,060
Median Rent
$234,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Built in 2020, this Dollar General Plus is leased on an absolute triple-net basis with 9.5 years remaining.
Where is this grocery and convenience store located?
The property is located at 1215 N MAIN ST Fountain Inn, SC.
What is the asking price?
The asking price for this property is $1,819,200.
What are key features of this property?
This property features: Dollar General Plus built in 2020, oversized 10,640 SF prototype on a 3.79‑acre lot; Absolute triple‑net lease structure; Lease has 9.5 years remaining on an initial 15‑year corporate term
